TSX:LSG.DB - Post by User
Comment by
Vanchesteron May 04, 2012 8:17pm
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Post# 19874281
RE: Wait
RE: Wait There is nothing disappointing about the production as LSG stated they beat their estimate of 15,000 ounces. On the other hand the costs are disappointing as shown in the last presentation, which indicated $1500 per ounce.
If you believe that LSG is on the right road to recovery and will once again hit $4.00+, picking up shares at either a buck or at eighty cents really is insignificant in the long run. It's only human nature that if you pick them up at eighty cents you will be more inclined to sell them at a lower price than if you bought some at a buck. Trying to time the market to buy at the cheapest price available and selling at the best price in the future will drive you to an early grave. You are far better off buying a stock because you believe it will go up and sell it at what you consider a reasonable profit than trying to pick highs and lows.
v.
PS - thanks Lev for your advice